The Attack of the Scooters

Companies providing cheap and efficient personal transportation on-demand are in the news recently: Be it raising venture capital by the truckload, drawing the ire of local governments and pedestrians, or being the new frontier in the battle of ride-sharing giants - young companies like Bird, LimeBike, Jump and more mature ones, like Scoot, are in the spotlight. All are providing some variation of an on-demand personal transportation service, each with a twist: Bird - electric razor scooters LimeBike - electric razor scooters and bicycles Jump - electric bicycles Scoot - electric mopeds A lot…

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Scoot for Food

Scoot Networks' bright red electric scooters are seen on every corner in San Francisco. Unlocked via an app, costing three bucks for thirty minutes (almost the same as a bus ride) and not requiring any special driver's license, Scoot is showing strong revenue growth this year, per the transactions from over three million credit and debit cards in the TXN consumer spending app: With hundreds of new-generation scooters on the road, usage really took off with the end of the rainy season in March. The growth came from both an increase in number of customers as more people joined... ...As well as e…

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Who is Pre-ordering Teslas?

When the Tesla Model 3 was announced in April 2016, customers had the opportunity to make a $1,000 deposit to become one of the first to purchase the car when it becomes available. According to reports, close to a whopping 400,000 customers did just that within a few days. We decided to use the TXN consumer spending application to find out who these customers are. Here is what deposit payments total spend looks like in our panel of over 3 million credit and debit cards over the last 24 months: Indeed, we see a huge spike in April 2016. Zooming in on the last 6 months, we also see strong growth…

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Spotify on the Rise

Spotify, the streaming service launched in 2006 and based in Stockholm, has been growing steadily and is reported to be preparing to go public via a direct listing - sidestepping the IPO process. Spotify uses a "freemium" businessmodel - a free version of the product includes ads played every few songs while a Premium version costs $9.99/month for a single user or $14.99 for a family. We dug in to see how Spotify's business is looking. Our consumer spending analytics application shows steady growth in the paid version of the product, captured in our panel of over 3 million US credit…

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Chipotle Woes

For the past 18 months, Chipotle has been slowly recovering from an E.coli outbreak in its restaurants in November 2015: Now, it's been hit by food poisoning news again: two weeks ago multiple customers of the Sterling, VA location suffered symptoms of Norovirus after visiting the restaurant. If customers ditch Chipotle again, who is likely to benefit? The most likely competitors to benefit from a Chipotle defection are restaurants already frequented by Chiptole customers. In our panel of over 3 million credit and debit cards, here are quick-serve restaurants with the largest proportion of cus…

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